218 Edinburgh Rd N

FOR SALE
$929,999
218 Edinburgh Rd N, Guelph
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4 + 2
BEDROOMS
3
BATHROOMS
2
KITCHENS
10 + 4
ROOMS
X9005732
MLSID
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Property Description
Welcome to a prime investment opportunity. This legal duplex in Guelph is strategically positioned with convenient access to a bus route and close proximity to a peaceful park. But that's not all envision the potential to expand to four units, providing ample parking and the chance to increase density for greater profits. Both units in the existing duplex are above-grade and recently updated, featuring a new three-piece bathroom on the second floor and laundry units installed in 2022. The interior of the property was completely painted in 2022, with pot lights throughout, and boasts tile and hardwood floors, setting this property up for durability and success. The recent influx of students to the City of Guelph has created additional demand for multifamily and traditional student rentals. This surge has led to heightened competition for available rental units, making this duplex an even more attractive investment.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-19 2024-07-01 105 $899,900 - Expired
Property Details
Community
City
Property Type
Detached, 2-Storey
Lot Size
40' x 97'
Fronting
North
Taxes
$4,136 (2023)
Basement
Finished, Full
Exterior
Alum Siding, Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain8.07' x 11.84'
BrMain12.01' x 14.57'
2nd BrMain12.01' x 12.66'
DiningMain6.99' x 11.84'
Living2nd13.48' x 14.01'
Kitchen2nd8.99' x 12.01'
3rd Br2nd8.23' x 12.01'
4th Br2nd8.23' x 12.01'
5th BrBsmt9.51' x 11.52'
BrBsmt9.51' x 11.52'
Guelph Market Statistics
Guelph Price Trend
218 Edinburgh Rd N is a 4-bedroom 3-bathroom home listed for sale at $929,999, which is $1,530 (0.2%) lower than the average sold price of $931,529 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Guelph increased by $9,884 (1.1%) compared to the previous 30 day period (July 21 - August 19) and up $25,529 (2.8%) from the same time one year ago.
Inventory Change
There were 24 4-bedroom homes listed in Guelph over the last 30 days (August 20 - September 18), which is up 50.0% compared with the previous 30 day period (July 21 - August 19) and up 4.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Guelph typically sold ($11,462) (1.2%) below asking price over the last 30 days (August 20 - September 18), which represents a $4,315 decrease compared to the previous 30 day period (July 21 - August 19) and ($9,280) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Guelph over the last 30 days (August 20 - September 18) stood at 54.2%, down from 81.2% over the previous 30 days (July 21 - August 19) and up from 21.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Guelph stood at 27 days when successfully sold over the last 30 days (August 20 - September 18), compared to 71 days before being removed from the market upon being suspended or terminated.
Listing contracted with Coldwell Banker Neumann Real Estate
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